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's key predictions in a laboratory experiment. The model's predictions are largely borne out - transparency negatively … under secrecy. This occurs despite subjects revealing more information under transparency than theory predicts. …
Persistent link: https://www.econbiz.de/10010516456
In this paper we show that subtle forms of deceit undermine the effectiveness of incentives. We design an experiment in …
Persistent link: https://www.econbiz.de/10003646717
As evidence is accumulating that subjective expectations influence behavior and that these expectations are sometimes biased, it becomes policy-relevant to know how to influence individuals' expectations. Information in the media is likely to affect how people picture the future. This paper...
Persistent link: https://www.econbiz.de/10003824962
According to social-psychological research, feelings of uncertainty in decision-making evoke two opposite responses: (i) reduction of uncertainty by information search, leading to less stereotyping of people, and hence less discrimination; (ii) social identification with an ingroup, inducing...
Persistent link: https://www.econbiz.de/10003919863
This high-stakes experiment investigates the effect on buyers of mandatory disclosures concerning an insurance policy …
Persistent link: https://www.econbiz.de/10008688915
provides a theory of job-to-job transitions that are associated with voluntary or involuntary mobility and with wage rises or …
Persistent link: https://www.econbiz.de/10009531334
Rational voters update their subjective beliefs about candidates' attributes with the arrival of information, and subsequently base their votes on these beliefs. Information accrual is, however, endogenous to voters' types and difficult to identify in observational studies. In a large scale...
Persistent link: https://www.econbiz.de/10009730833
the countries' authorities, openness, and transparency, consistently with the theory. -- IMF conditionality ; delegation …
Persistent link: https://www.econbiz.de/10003817754
equilibrium diversity and level of attention-seeking activities are shown. At the normative level, welfare, efficiency and optimal …
Persistent link: https://www.econbiz.de/10002694130
learning model with the theory of rational inattention introduced by Sims (2006). In the model firms optimally allocate …
Persistent link: https://www.econbiz.de/10009300804